Report Update Apr 1, 2024

Ecuador - Propan-1-Ol (Propyl Alcohol) and Propan-2-Ol (Isopropyl Alcohol) - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Ecuador

In 2022, the Ecuadorian propyl and isopropyl alcohol market decreased by -12.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a strong increase. Propyl and isopropyl alcohol consumption peaked at $X in 2021, and then dropped in the following year.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -24.7% to X tons. Overall, exports, however, recorded a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 6,297% against the previous year. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, propyl and isopropyl alcohol exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 6,040%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for propyl and isopropyl alcohol exports from Ecuador, with a 78% share of total exports. Moreover, propyl and isopropyl alcohol exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to +31.6%.

In value terms, Peru ($X) and Colombia ($X) constituted the largest markets for propyl and isopropyl alcohol exported from Ecuador worldwide.

Among the main countries of destination, Peru, with a CAGR of +13.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 53%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+3.3%).

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Ecuador

After four years of growth, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -2.2% to X tons in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell slightly in the following year.

In value terms, propyl and isopropyl alcohol imports dropped markedly to $X in 2022. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 47%. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Ecuador, with a 52% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+49.5% per year) and Argentina (+8.1% per year).

In value terms, the United States ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Ecuador, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Argentina, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.1% per year) and Argentina (+6.4% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, reducing by -13.8% against the previous year. Overall, the import price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2021 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 40% share of global consumption. Germany, Brazil, South Korea, Japan, Russia, Mexico, the Netherlands, Singapore, Malaysia and Turkey lagged somewhat behind, together comprising a further 28%.

What are the largest producers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in the world?

The countries with the highest volumes of production in 2022 were China, the United States and South Korea, with a combined 52% share of global production.

What are the leading suppliers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Ecuador?

In value terms, the United States constituted the largest supplier of propan-1-ol propyl alcohol) and propan-2-ol isopropyl alcohol) to Ecuador, comprising 55% of total imports. The second position in the ranking was taken by China, with a 16% share of total imports. It was followed by Argentina, with a 7.2% share.

What are the leading importers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) from Ecuador?

In value terms, the largest markets for propyl and isopropyl alcohol exported from Ecuador were Peru and Colombia.

What is the average export price for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Ecuador?

In 2022, the average propyl and isopropyl alcohol export price amounted to $1,350 per ton, leveling off at the previous year.

What is the average import price for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Ecuador?

The average propyl and isopropyl alcohol import price stood at $1,317 per ton in 2022, dropping by -13.8% against the previous year.

This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142220 - Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023